Full Press Release Details
Emergent s Statement Regarding its Amended Credit Agreement
GAITHERSBURG, Md., May 17, 2023 Emergent (NYSE: EBS) completed an amendment and extension of maturity of its existing syndicated credit agreement
on May 15, 2023. We believe this revised structure and extended maturity furthers our ability to execute on our strategy to stabilize and strengthen our core business and position Emergent for sustainable long-term growth. It follows our successful
completion of organizational changes announced in January and the close of the sale of Emergent s travel health business to Bavarian Nordic on May 15.
Our amended credit facility represents another important step forward as we continue to strengthen our core businesses and build the foundation for
sustainable, long-term growth, said Emergent CFO Richard S. Lindahl. Working constructively with our bank group, we have now meaningfully extended our debt maturities and maintained our access to capital as we execute on our sharpened
With increased certainty regarding our financial obligations, we can increase our focus on delivering on our commitments to the
U.S. government, preparing for the launch of over-the-counter NARCAN Nasal spray, and further strengthening our quality and compliance culture and systems.
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Director, Media Relations